Sunday 18 December 2016

Company Update (NYSE:NVO): Novo Nordisk Announces Phase 3b Trial Results for Xultophy

Novo Nordisk (NYSE:NVO) declared new stage 3b trial (DUAL VII) comes about with Xultophy® (IDegLira). Xultophy®is an once-every day, single infusion settled blend of a long-acting basal (insulin degludec) and a glucagon-like peptide-1 (GLP-1) receptor agonist (liraglutide).1 The open-name trial researched the viability and security of Xultophy® contrasted and insulin glargine U100 in mix with insulin aspart at all principle suppers, following 26 weeks of treatment in 506 grown-ups with sort 2 diabetes.

The trial effectively accomplished its goal by showing that treatment with Xultophy® is non-second rate compared to insulin glargine U100 in mix with insulin aspart concerning bringing down of HbA1c. From a mean gauge HbA1c of 8.2%, both patient gatherings came to a comparative HbA1clevel of 6.7% following 26 weeks of treatment. Toward the end of the trial, individuals treated with Xultophy® required 40.1 units contrasted with an aggregate of 84.6 units of insulin for individuals treated with insulin glargine U100 in mix with insulin aspart.

Individuals treated with Xultophy® demonstrated a predominant decrease of 89% in the rate of serious or blood glucose affirmed symptomatic hypoglycaemic scenes contrasted with insulin glargine U100 in blend with insulin aspart. Besides, from a mean pattern body weight of 87.7 kg, individuals treated with Xultophy® experienced weight reduction of 0.9 kg contrasted and weight pick up of 2.6 kg for individuals treated with the basal-bolus regimen; a prevalent weight distinction of - 3.6 kg.

"We are amped up for the aftereffects of DUAL VII, demonstrating the vital advantages Xultophy® offers for individuals deficiently controlled on insulin glargine U100 as an other option to heightening with basal-bolus treatment" said Mads Krogsgaard Thomsen, official VP and boss science officer, Novo Nordisk A/S. "Xultophy® demonstrates these great outcomes, incorporating lessening in hypoglycaemia and body weight, with a much lower measurements contrasted with insulin glargine U100 in blend with insulin aspart toward the end of the review."

The security profile of Xultophy® in DUAL VII was for the most part steady with past Xultophy® clinical trials.

The entire trial results will be introduced in the principal half of 2017. (Unique Source)

Shares of Novo Nordisk shut yesterday at $33.55, down $0.05 or - 0.15%. NVO has a 1-year high of $59 and a 1-year low of $30.89. The stock's 50-day moving normal is $40.13 and its 200-day moving normal is $49.60.

On the evaluations front, NVO stock has been the subject of various late research reports. In a report issued on November 29, Credit Suisse expert Rebekah Harper repeated a Hold rating on NVO. Independently, on November 11, Jefferies' Jeffrey Holford repeated a Hold rating on the stock .

As indicated by TipRanks.com, which positions more than 7,500 budgetary examiners and bloggers to gage the execution of their past proposals, Rebekah Harper and Jeffrey Holford have a yearly normal loss of 11.3% and an arrival of 1.1% individually. Harper has a win rate of 0% and is positioned #3103 out of 4239 experts, while Holford has a win rate of 40% and is positioned #1752.

Novo Nordisk AS takes part in the examination, improvement, fabricate, and showcasing of pharmaceutical items. It works through the Diabetes and Obesity Care, and Biopharmaceuticals sections. The Diabetes and Obesity Care portion covers insulins, glucagon-like-peptide 1, other protein-related items, oral hostile to diabetic medications and corpulence. The Biopharmaceuticals portion includes in the examination, improvement, fabricate, and circulation of items inside the ranges of hemophilia, development hormone, hormone substitution, irritation, and treatment territories.

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